Forex Top Story


bank-of-korea-040915.jpg South Korea's gross domestic product jumped a seasonally adjusted 1.1 percent on quarter in the first quarter of 2018, the Bank of Korea said in Thursday's preliminary report. That follows the 0.2 percent decline in the three months prior. On the expenditure side, private consumption expanded 0.6...

eur-usd4-042518.jpg The dollar is rising against its major rivals Wednesday afternoon, bouncing back from yesterday's pullback. The recent rise in bond yields has convinced investors that rising inflation may lead the Federal Reserve to hike interest rates faster than previously expected. There was no U.S. economic data...

cryptocurrency-dailyroundup-042518.jpg Cryptocurrencies gave up their upward trend, witnessed over the past few days, early Wednesday, led by the double-digit decline in altcoins. In other news, Hong Kong and Singapore have emerged as the new initial coin offering hotspots. Meanwhile, a Japanese power utilities major entered a partnership with a blockchain-based energy trading platform to test peer-to-peer trading in renewable energy.

powerledger-kansai-042518.jpg A Japanese electric utility major has partnered with the blockchain start-up Power Ledger to trial peer-to-peer renewable energy trading in the country. The effort aims to provide communities with cheaper energy systems to offset existing energy costs. Generating customers will be allowed to monetize their renewable energy investments by selling their excess energy peer-to-peer.

rekt-cryptocurrency2-042518.jpg Borrowed from online gaming slang, REKT means wrecked or ruined, usually in reference to a big loss suffered in a cryptocurrency trade. An example from a reddit post: "I saw a 12 Million Dollar position get liquidated last night, some people got completely rekt."

europeanecopreview-042518.jpg Consumer confidence from France is due on Wednesday, headlining a light day for the European economic news. At 2.45 am ET, the French statistical office Insee publishes consumer sentiment survey results. The indicator is forecast to remain unchanged at 100 in April.

eur-usd3-042418.jpg After several days of gains, the dollar is pulling back against all of its major rivals Tuesday afternoon. The weakness appears to be due to the continued rise in U.S. treasuries yields, which crossed the 3 percent level earlier today. It was the first time yields have hit that level since 2014. New...

consumer-confidence-042418.jpg After reporting a pullback in U.S. consumer confidence in the previous month, the Conference Board released a report on Tuesday showing an unexpected rebound in consumer confidence in the month of April. The Conference Board said its consumer confidence index rose to 128.7 in April.

new-home-sales-042418.jpg New home sales in the U.S. jumped by much more than expected in the month of March, according to a report released by the Commerce Department on Tuesday. The report said new home sales soared by 4.0 percent to an annual rate of 694,000 in March.

cryptocurrency-dailyroundup-042418.jpg Bitcoin continued it rally Tuesday to hit a 44-day high and altcoins also sustained their upward trend. Bullish remarks from a prominent Bitcoin investor boosted sentiment and an big investment bank has hired a crypto specialist. In Japan, cryptocurrency exchanges established their self-regulatory body.

airdrop3-cryptocurrency-042418.jpg A common word in the crypto sphere these days, AIRDROP is a way to distribute a new coin or token. In an AIRDROP, coins or tokens are distributed to the community for free or as a reward for participation in the project. Most of the times, the only requirement for receiving coins or tokens in an AIRDROP is to have a relevant blockchain wallet.

germanbusinessconf-042418.jpg German business confidence deteriorated more-than-expected to a 13-month low in April on trade tensions, survey data from the Munich-based Ifo Institute showed Tuesday. The business sentiment index fell to 102.1 from 103.3 a month ago. This was the lowest reading since March 2017, when the reading was 101.3. The score was forecast to drop moderately to 102.8.

timdraper-bitcoins-042418.jpg Venture capitalist Tim Draper predicted that Bitcoin could be bigger than the internet. Draper also said that the top cryptocurrency would be bigger than his early investments in Tesla, Hotmail and Skype, combined, CNBC reported citing comments the investor made during a debate.

europeaneconomicspreview-042418.jpg Business confidence survey data from Germany and public sector finance from the UK are due on Tuesday, headlining a busy day for the European economic news. At 2.00 am ET, foreign trade data from Switzerland is due. Swiss watch exports figures are also due. At 2.45 am ET, the French statistical office Insee publishes manufacturing sentiment data.

eur-usd3-042318.jpg The dollar is rising against all of its major rivals Monday afternoon, extending its gains from the last few sessions. Investors were encouraged by the release of the better than expected existing home sales data this morning and are looking forward to a number of important economic reports later this...

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